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Some of the reasons for the decision included a lack of maturity among crypto founders to take matters seriously with the government, inaction around critical matters despite getting chided by India's parliamentary finance body, and the creation of a vitiating environment, a person with knowledge of internal consultations said. Source
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Copper’s Series C round will value the company around $2 billion, according to two sources. Original Source
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Babel is in the process of signing an engagement letter with the investment banking firm, a source said. Original Source
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The precise tally of Genesis’ losses may not be known for some time because the company is seeking at least partial repayment from its counterparties and some of the losses may have been offset by hedging, sources said. Amid such uncertainty, Genesis has been pulling credit lines from counterparties left
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Celsius, which had more than $8 billion loaned out to clients and $12 billion in assets under management as of May of this year, abruptly announced on June 12 it would stop withdrawals from its platform, citing “extreme market conditions.” The disclosure exacerbated those conditions, briefly sending bitcoin’s price below
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Citadel Securities, of course, is helmed by crypto skeptic Ken Griffin, who scuttled ConstitutionDAO’s efforts to buy an original copy of America’s founding document. Though he had earlier said crypto was a “Jihadist call” against the U.S. dollar, his firm has since announced plans to make markets for various cryptocurrencies. Source
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As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight Council (FSOC) hasn’t gathered
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"It's the same old thing," said the source. "That's what we chided the industry for. We are sick and tired of hearing advocacy, advocacy. Because they have to address the challenges that the government is putting forth, right? Plans, mitigation measures or some kind of thing. I think that would
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India to Give Clarity on Tax Provision Within Two Months: Sources Original Source
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It’s the first signal to date that the world’s largest hedge fund is taking crypto seriously with its own money. Original Source
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